Mortgage for Boat?

yes you can from specific finance companies but not mainstream banks, if you can prove a stable income. I knew of a company that had done one for a CATHAY pilot for a liveaboard for 700000 HKD on a boat valued at 1.1 million.


percentage depends on the value of the boat and your repaying ability. If you buy a branded boat like a Jeanneau, Bennetau or similar one they can even give up to 80%. The mortgage will be for a max of 5 years. If its a used boat then its for 5 yrs less age of the boat. Monthly instalment of the loan should be less than 50% of yr income. the 50% is based on all your outgoings for other loans etc plus the boat loan. so they look at 2-3 factors before deciding on the amount they will give you


hope this helps.